Wilkins Miller Wealth Management LLC Acquires Shares of 2,688 Oracle Co. (NYSE:ORCL)

Wilkins Miller Wealth Management LLC bought a new position in Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,688 shares of the enterprise software provider's stock, valued at approximately $448,000.

Other institutional investors have also modified their holdings of the company. R Squared Ltd bought a new position in Oracle during the 4th quarter worth about $25,000. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the 4th quarter worth approximately $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC purchased a new position in Oracle during the fourth quarter valued at approximately $34,000. Finally, TFC Financial Management Inc. raised its stake in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on ORCL shares. KeyCorp reaffirmed an "overweight" rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Wall Street Zen lowered Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. UBS Group reissued a "market perform" rating on shares of Oracle in a research report on Tuesday, March 11th. Stephens initiated coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective on the stock. Finally, Stifel Nicolaus decreased their target price on shares of Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average price target of $174.42.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the sale, the director now owns 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock valued at $4,015,723 in the last 90 days. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of Oracle stock traded up $5.87 on Tuesday, reaching $161.84. 6,969,407 shares of the stock were exchanged, compared to its average volume of 9,499,682. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $452.66 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 3.46 and a beta of 1.27. The business has a 50 day moving average price of $143.76 and a two-hundred day moving average price of $161.60.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter in the previous year, the business posted $1.41 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 46.95%.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.